1602 Thornwood Ct Fallston, MD 21047
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About this home
Prepare to Fall in Love! Don’t miss this gorgeous Colonial located on a Cul-de-Sac in the sought-after Fallson neighborhood of Cloverdale. The Sellers have made numerous quality updates throughout. A New Chic black garage door was just installed-it's beautiful! The kitchen features high-end stainless-steel appliances replaced just one year ago, along with a new sink, faucet, lighting, and a gorgeous backsplash and granite countertops. The entire main level now boasts durable yet stylish ceramic wood-grain tile flooring. The living room fireplace has been updated with a slate hearth and a fabulous stone façade, matching the exterior chimney, which also received a stone upgrade. There is also a woodstove in the family room to keep your evenings toasty and warm. Updated lighting and ceiling fans can be found throughout the home. The main level bath has been refreshed with a new vanity, hardware, and faucets. Upstairs, you’ll find three bedrooms and a fully renovated bathroom with a new vanity, a bathtub with a stylish glass door, elegant tile flooring, and a modern light/fan combo with bluetooth technology. The primary bedroom now includes a brand-new, spacious walk-in closet. All bedrooms feature carpet and ceiling fans. No need to worry about the roof as it was replaced approximately 10 years ago with an extended life 50-year warranty, and the central AC 3-ton unit was replaced 5 years ago. A water neutralizing conditioner system has also been recently added to enhance the well water. The lot is Gorgeous with mature trees and plantings in both front and rear yards. The amazing backyard is fully fenced with 500 yards of fencing for privacy and providing safety for pets and children. A custom- built paver patio with a retaining wall with lighting, and a built-in firepit will be a focal point for many gatherings. The sidewalk between the home and patio has been regraded and newly poured. Accessed from the wonderful family room you'll find that the serene screened-in porch with a ceiling fan is the perfect spot to enjoy your morning coffee. An oversized garage w a loft will aid in all your storage needs-also great for car buffs! All of this is located in a beautiful area of Harford County, convenient to great schools, restaurants, parks and shopping. Just 1 mile away from the Fallston Recreation Center. Call today to see your new home!
Source: BRIGHT #MDHR2048660
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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